“The revenue in the first half of this year stood at RON237.78 million, 18% higher than in the corresponding period of last year. Net profit increase stood at 11% compared with the first half of 2014,” Smart Diesel officials say.
Smart Diesel therefore becomes the biggest independent gas station operator in Romania if considering companies whose business falls under the NACE code ‘Retail sale of automotive fuel in specialized stores”.
The largest shareholder of Smart Diesel is another company, Transport Service Group. Other shareholders are Daniel Imbre, Ovidiu Ioan Andries, Petru Farcas, some of whom also own stake Transport Service Group.
Smart Diesel is a business designed for large transporters’ fleets. Its stations are equipped with the latest generation fuelling pumps, with high-power delivery force of about 130 liters per minute specialized in fuelling trucks.
Smart Diesel website says that holders of Smart Diesel fuel cards have access to 80 filling stations in Spain, Luxembourg, Slovenia, Belgium, Czech Republic, France, Germany, Hungary, Austria and Romania.
“Our network currently comprises 21 stations on the most transited transport routes in the country,” Smart Diesel representatives said.
The company opened only one new station this year, with one more scheduled by yearend. Smart Diesel’s type of business does not require too wide a network, so it estimates it will grow to 25 to 30 stations on medium term. It has two stations in Bucharest and needs one more. These stations are not located in the city but on the beltway and the highway, Smart Diesel officials added.
While in Romania it operates its own stations, it signed partnerships with other filling station networks abroad to serve its customers based on a card they are issued.
“We are not interested in selling other energy products, at least not in the medium run,” the company officials said. The company buys its diesel from OMV Petrom, Rompetrol and MOL. It budgeted RON545 million revenue for 2015, it representatives added. (EUR1=RON4.4142)
(English version by Loredana Fratila-Cristescu)